Wizz Air shares rise on new medium-term financial targets, upgraded revenue outlook

By Reuters News

** Shares of European budget carrier Wizz Air WIZZ.L up 2.4% at 972.1p

** The airline sets out medium-term financial targets of achieving €10 billion ($11.47 billion) in revenue and a 10% EBIT margin by fiscal year 2030

** Co upgrades its Q2 RASK outlook to flat year-on-year from a prior forecast of low-single-digit decline

** However, it trims its originally planned capacity for H2 by 5%, due to Iran war volatatlity

** As of last close, WIZZ down ~25.4% YTD

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